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ALLIANZ GLOBAL CORPORATE & SPECIALTY - AVIATION Allianz Certificate No . 005 Certificate Holder: VeroTown , LLC Attn : Nancy Gollnick 390126 Street Vero Beach , FL 32960 Named Insured : Paris Air, Inc . and Paris Air Charters , Inc . 3300 Airport Drive West Vero Beach , FL 32960 The above Named Insured is at this date insured with Allianz Global Risks US Insurance Company for the Limits of Coverage stated below: Policy Number( s ) : A3GA000361312AM Effective Dates : January 12 , 2012 to January 12 , 2013 With respect only to : AIRCRAFT LIABILITY COVERAGE LIMITS OF LIABILITY ( Includes War, Hijacking and Other Perils Limited Liability Write-Back Endorsement ) EACH PERSON EACH OCCURRENCE Single Limit Including Passengers , $XXXX $ 1 , 000 , 000 With Passengers Liability Limited To $ Not Applicable $ Not applicable AIRCRAFT PHYSICAL DAMAGE COVERAGE GROUND & IN- FLIGHT ( Includes War, Hijacking , Extortion and Other Perils Physical Damage Write-Back Endorsement ) DEDUCTIBLES Registration In -Motion/ Ingestion Number Make & Model Year Insured Value Not In- Motion & Moorino N511BH Schweizer 300 CBI 2007 $ 256 , 000 $ 11000 $ 12 , 800 Additional Coverages : The Certificate Holder is included as an additional insured under liability coverages , but only as respects operations of the Named Insured, however this insurance shall not apply to , and the Certificate Holder shall not be insured for Bodily Injury or Property Damage which arises from the design , manufacture , modification , repair , sale or servicing of products by the Certificate Holder. This certificate or verification of insurance is not an insurance policy and does not amend , extend or alter the coverage and/or limits afforded by the policies listed herein . Notwithstanding any requirement , term or condition of any contract or other document , with respect b which this certificate or verification of insurance may be issued or may pertain , the insurance afforded by the policies described herein is subject to all terms , exclusions and conditions of such policies . In the event of cancellation of any policy described above , the insurer will attempt to mail 30 days ( 10 days for non-pay ) written notice to the certificate holder prior to the effective date of cancellation . However, failure to do so will not impose duty or liability upon the insurer , its agents or representatives , nor will it delay cancellation . Issued by : Allianz Global Corporate & Specialty - Aviation 3399 Peachtree Road N . E . , Suite 1625 Atlanta , GA 30326 000LG1 Tele : 404 . 760 . 7800 Fax : 404 . 760 . 7801 Date : February 7 , 2012 uonzeSignature Page 1 of 1